G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives Average Rating of “Hold” from Analysts

G-III Apparel Group, Ltd. (NASDAQ:GIII) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $32.20.

GIII has been the topic of a number of research reports. Barclays cut their price target on G-III Apparel Group from $25.00 to $21.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $30.00 price objective on shares of G-III Apparel Group in a report on Friday, April 4th. Wall Street Zen upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Finally, UBS Group decreased their price objective on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th.

G-III Apparel Group Trading Down 0.9%

NASDAQ GIII opened at $27.27 on Monday. G-III Apparel Group has a one year low of $20.66 and a one year high of $36.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The firm has a market cap of $1.20 billion, a P/E ratio of 7.16 and a beta of 1.41. The stock’s 50-day moving average is $26.00 and its 200-day moving average is $28.92.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping the consensus estimate of $0.97 by $0.30. The firm had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. Sell-side analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of G-III Apparel Group

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in G-III Apparel Group by 5,154.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 1,134 shares during the period. AlphaQuest LLC bought a new stake in G-III Apparel Group during the fourth quarter worth about $49,000. Smartleaf Asset Management LLC grew its stake in G-III Apparel Group by 249.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after buying an additional 1,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in G-III Apparel Group during the fourth quarter worth about $68,000. Finally, Quarry LP increased its holdings in G-III Apparel Group by 176.1% in the 1st quarter. Quarry LP now owns 3,073 shares of the textile maker’s stock valued at $84,000 after buying an additional 1,960 shares during the period. 92.13% of the stock is currently owned by institutional investors.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.